Difficulties and obstacles of real estate projects have been identified.

On the afternoon of June 3, at the regular Government press conference in May 2023, Deputy Minister of Construction Nguyen Van Sinh said that in the past time, the Ministry has gone to localities to urge and listen to projects facing difficulties. At the same time, it also reviewed difficult projects such as in Hanoi, Ho Chi Minh City, Da Nang, Can Tho, Hai Phong, Dong Nai, Binh Duong , Binh Thuan...

Thereby, the authorities have identified the "bottlenecks" in current real estate projects. "The main difficulties are identified as institutional problems and implementation problems in the projects," Mr. Sinh stated.

Real Estate - Difficulties and obstacles of real estate projects have been identified — Deputy Minister of Construction Nguyen Van Sinh answers the press at the regular Government press conference in May - Photo: VGP

Regarding institutions , recently, the Government has issued many decrees, and ministries and branches have also issued many circulars to resolve problems.

Specifically, the Ministry of Finance has had solutions related to the issuance of corporate bonds, removing obstacles according to Decree No. 10 of the Government and Decree No. 08. The Ministry of Natural Resources and Environment has proposed removing legal regulations related to land.

Besides, the State Bank also has many solutions related to capital sources, especially capital sources for investment in social housing and workers' housing.

Mr. Sinh said that the Ministry of Construction has many proposals to resolve the problems, especially the Decree amending decrees in the construction sector, and the problems related to real estate investment and business projects in recent times, especially the group of policies on social housing that have been proposed and amended according to the Housing Law.

"It can be said that institutional problems have been basically resolved," Mr. Sinh emphasized.

In terms of implementation, through reviews at localities, the working group has grasped and reported on implementation-related problems at localities.

Recently, Deputy Prime Minister Tran Hong Ha sent a telegram to localities and ministries and branches to continue reviewing and removing difficulties of real estate projects, especially unfinished investment projects that must have timely solutions.

Recently, there have been many difficult projects in localities such as Hanoi, Ho Chi Minh City, Da Nang, Dong Nai and some southern localities that are also facing some problems related to investment procedures. These projects have been taking place for a long time and in different stages.

Therefore, the Ministry of Construction is currently coordinating with localities to continue to urge, review and remove problems.

“Any issues related to any ministry or sector will be promptly responded to by the local authorities. In the coming time, ministries and sectors will work with localities to continue to remove difficulties for businesses to boost supply,” Deputy Minister Nguyen Van Sinh informed.

Along with that, another important issue is to promote social housing and worker housing projects in accordance with the project approved by the Prime Minister, to create housing supply, contributing to solving difficulties in social housing and worker housing.

Legal difficulties account for 70%

Minister, Head of the Government Office Tran Van Son: At the previous meeting, the Deputy Minister of Construction also provided reporters with quite a complete set of solutions, including legal difficulties - legal difficulties account for nearly 70%, including difficulties in land pricing. Recently, the Government has issued many instructions and dispatches from the Prime Minister requesting localities to step up the removal of difficulties, especially difficult legal procedures.

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